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Avdoo & Partners Development Leases Retail Space To Overgreens At 22 Old Fulton Street Brooklyn

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LEASED
$250

New York

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Retail1,350 SF
Leased 01/06/2025
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Property Image
LEASED

Avdoo & Partners Development Leases Retail Space To Overgreens At 22 Old Fulton Street Brooklyn

22 Old Fulton Street

See Similar Deals
Retail1,350 SF
Leased 01/06/2025
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$250
Total Square Footage:1,350 SF
Transaction Type:Lease

The property asset involved in this transaction is a retail space located at 22 Old Fulton Street in Brooklyn. The leased area measures 1,350 square feet, with an asking rent of $250 per square foot. The lease is a Modified Gross Lease, with a term set for 10 years.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $250/ft
  • Square Footage: 1,350
  • Address: 22 Old Fulton Street
  • Market: Brooklyn
  • Landlord: Avdoo & Partners Development
  • Tenant: Overgreens
  • Landlord's Representative: Thomas Galo - Winick Realty Group
  • Tenant's Representative: Kim Levandovsky - Retail By Mona
  • Lease Term: 10 Years
  • Lease Type: Modified Gross Lease

The deal features key individuals including Thomas Galo representing the landlord, Avdoo & Partners Development, and Kim Levandovsky representing the tenant, Overgreens. Their involvement highlights the significance of professional representation in the leasing process.

Players

Kim Levandovsky
17 deals$49M volume
BROKER

Details

LEASED
IMAGE: Kim Levandovsky & Thomas Galo DATE: 01/06/2025 ADDRESS: 22 Old Fulton Street MARKET: Brooklyn ASSET TYPE: Retail LANDLORD: Avdoo & Partners Development TENANT: Overgreens LANDLORD'S REP: Thomas Galo - Winick Realty Group (@WinickRealty) TENANT'S REP: Kim Levandovsky (@Kimbo) - Retail By Mona (@RetailByMona) ASKING RENT: $250/ft ~ SF: 1,350 LEASE TERM: 10 Years LEASE TYPE: Modified Gross Lease

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Deal Type
Effective Rent (Annual)

$386,905.93

Total Lease Value

$3,869,059.27

Net Landlord Cash Flow$386,905.93